WELLENS AÄRON: what changed
What changed
WELLENS AÄRON
NACE 43.240, Other construction installation
filed annual accounts (NBB)
Net result for the year
€31,295
2024 · €5,767+€25,528
Equity
€73,012
2024 · €48,717+€24,295
Cash
€5,551
2024 · €12,860-€7,310
Balance sheet total
€494,057
2024 · €456,274+€37,783
Largest movements
Assets
- Receivables within one year +€18,855
up €18,855 (+20.0%), from €94,076 to €112,931
of which Trade receivables: +€35,363
- Intangible fixed assets +€17,710
up €17,710 (+36.9%), from €47,953 to €65,663
- Stocks and contracts +€14,011
up €14,011 (+59.7%), from €23,477 to €37,488
- Cash -€7,310
down €7,310 (-56.8%), from €12,860 to €5,551
mainly Trade debts (-€50,396) and Investment in fixed assets (net) (-€42,855)
Equity and liabilities
- Debts after one year +€97,713
up €97,713 (+49.0%), from €199,394 to €297,108
- Trade debts -€50,396
down €50,396 (-46.8%), from €107,599 to €57,203
- Profit (loss) carried forward +€24,295
up €24,295 (+421%), from €5,767 to €30,062
- Current portion of long-term debt -€19,028
down €19,028 (-42.3%), from €44,999 to €25,972
- Other debts -€16,023
down €16,023 (-45.8%), from €35,015 to €18,992
Income statement
- Gross operating margin +€42,142
up €42,142 (+26.3%), from €160,483 to €202,625
- Staff costs +€17,259
up €17,259 (+17.0%), from €101,456 to €118,716
- Taxes +€4,325
up €4,325 (+105%), from €4,100 to €8,425
- Depreciation -€2,920
down €2,920 (-8.9%), from €32,954 to €30,034
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,767
Gross operating margin
+€42,142
Staff costs
-€17,259
Depreciation
+€2,920
Other operating charges
+€2,004
Financial income
-€1,071
Financial charges
+€1,117
Taxes
-€4,325
Result 2025
€31,295
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€36,140
Investment
-€42,855
Financing
+€71,686
Cash 2024
€12,860
From operations (derived)
-€36,140
Net result for the year
+€31,295
Depreciation
+€30,034
Stocks and contracts
-€14,011
Receivables within one year
-€18,855
Deferred charges and accrued income
+€595
Trade debts
-€50,396
Tax, wage and social debts
+€1,098
Other debts
-€16,023
Accrued charges and deferred income
+€122
Investment (derived)
-€42,855
Investment in fixed assets (net)
-€42,855
Financing
+€71,686
Debts after one year
+€97,713
Current portion of long-term debt
-€19,028
Contributions, distributions and other
-€7,000
Cash 2025
€5,551
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €456,274 | €494,057 | +€37,783 | +8.3% |
| Fixed assets | 21/28 | €323,433 | €336,254 | +€12,821 | +4.0% |
| Intangible fixed assets | 21 | €47,953 | €65,663 | +€17,710 | +36.9% |
| Tangible fixed assets | 22/27 | €261,369 | €256,480 | -€4,889 | -1.9% |
| Land and buildings | 22 | €244,800 | €244,800 | = | 0.0% |
| Plant, machinery and equipment | 23 | €14,154 | €8,679 | -€5,475 | -38.7% |
| Furniture and vehicles | 24 | €2,414 | €3,001 | +€586 | +24.3% |
| Financial fixed assets | 28 | €14,112 | €14,112 | = | 0.0% |
| Current assets | 29/58 | €132,841 | €157,803 | +€24,962 | +18.8% |
| Stocks and contracts in progress | 3 | €23,477 | €37,488 | +€14,011 | +59.7% |
| Stocks | 30/36 | €23,477 | €37,488 | +€14,011 | +59.7% |
| Amounts receivable within one year | 40/41 | €94,076 | €112,931 | +€18,855 | +20.0% |
| Trade receivables | 40 | €67,590 | €102,953 | +€35,363 | +52.3% |
| Other amounts receivable | 41 | €26,486 | €9,978 | -€16,508 | -62.3% |
| Cash at bank and in hand | 54/58 | €12,860 | €5,551 | -€7,310 | -56.8% |
| Deferred charges and accrued income | 490/1 | €2,428 | €1,833 | -€595 | -24.5% |
| Total equity and liabilities | 10/49 | €456,274 | €494,057 | +€37,783 | +8.3% |
| Equity | 10/15 | €48,717 | €73,012 | +€24,295 | +49.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €40,950 | €40,950 | = | 0.0% |
| Distributable reserves | 133 | €40,950 | €40,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,767 | €30,062 | +€24,295 | +421% |
| Amounts payable | 17/49 | €407,557 | €421,044 | +€13,488 | +3.3% |
| Amounts payable after more than one year | 17 | €199,394 | €297,108 | +€97,713 | +49.0% |
| Financial debts | 170/4 | €199,394 | €297,108 | +€97,713 | +49.0% |
| Amounts payable within one year | 42/48 | €208,162 | €123,814 | -€84,348 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | €44,999 | €25,972 | -€19,028 | -42.3% |
| Trade debts | 44 | €107,599 | €57,203 | -€50,396 | -46.8% |
| Suppliers | 440/4 | €107,599 | €57,203 | -€50,396 | -46.8% |
| Taxes, remuneration and social security | 45 | €20,549 | €21,647 | +€1,098 | +5.3% |
| Taxes | 450/3 | €5,156 | €4,480 | -€676 | -13.1% |
| Remuneration and social security | 454/9 | €15,393 | €17,167 | +€1,774 | +11.5% |
| Other amounts payable | 47/48 | €35,015 | €18,992 | -€16,023 | -45.8% |
| Accrued charges and deferred income | 492/3 | - | €122 | +€122 | |
| Remuneration, social security and pensions | 62 | €101,456 | €118,716 | +€17,259 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,954 | €30,034 | -€2,920 | -8.9% |
| Other operating charges | 640/8 | €5,060 | €3,056 | -€2,004 | -39.6% |
| Gross operating margin | 9900 | €160,483 | €202,625 | +€42,142 | +26.3% |
| Operating profit (loss) | 9901 | €21,012 | €50,819 | +€29,807 | +142% |
| Financial income | 75/76B | €1,265 | €194 | -€1,071 | -84.7% |
| Recurring financial income | 75 | €1,265 | €194 | -€1,071 | -84.7% |
| Financial charges | 65/66B | €12,410 | €11,293 | -€1,117 | -9.0% |
| Recurring financial charges | 65 | €12,410 | €11,293 | -€1,117 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €9,867 | €39,720 | +€29,852 | +303% |
| Income taxes | 67/77 | €4,100 | €8,425 | +€4,325 | +105% |
| Profit (loss) for the period | 9904 | €5,767 | €31,295 | +€25,528 | +443% |
| Profit (loss) for the period to be appropriated | 9905 | €5,767 | €31,295 | +€25,528 | +443% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.